Perhaps Revolution Bars' (RBG) drastic share price fall has made it more susceptible to takeover offers. Stonegate Pub Company has made a possible offer for the bar group at 200p cash per share, the same price that Revolution Bars listed at in 2015. This values the company at £100m. That's a 60 per cent premium to the closing share price on the day the offer was announced, but a 15 per cent discount to Revolution’s 12-month high.
IC TIP:
Hold
at
180pp